In a bid to encourage development China has set a price for the electricity generated at waste to energy plants that is double that paid to coal-fired power stations, according to a report by Bloomberg.The report said that the National Development and Reform Commission had announced that developers of waste to energy facilities will be paid 0.65 yuan (10 U.S. cents) per kWh for the power they produce. Conversely coal-fired projects will only be eligible for 0.3 to 0.4 yuan per kWh, according to Bloomberg New Energy Finance. As fossil fuel poor China bids to encourage renewable energy, developers of solar projects get paid a minimum of 1 yuan a kilowatt-hour, while wind developers must make do with slightly less than waste to energy with a maximum of 0.61 yuan per kWh.China has set itself the goal of producing come 15% of its energy from non-fossil fuel sources by 2020In addition, as part of its five year plan to 2015 the Chinese government is implimenting policies which aim to reduce CO2 emissions by as much as 17% per unit of gross domestic product.
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